Sensex up 376pts; Tata Steel slips into red

The Sensex is now up 376 points at 16,002.

The NSE Nifty is up 97 points at 4,836.

ICICI Bank has zoomed over 5% to Rs 796. Jaiprakash Associates has soared 4.7% to Rs 236.

Infosys and HDFC have surged over 4% each to Rs 1,482 and Rs 2,458, respectively.

DLF, Reliance and HDFC Bank have rallied 3.3% each to Rs 647, Rs 2,421 and Rs 1,350, respectively.

Satyam, Hindalco and SBI have gained around 3% each at Rs 410, Rs 172 and Rs 1,672, respectively.

TCS has moved up 2.8% to Rs 858. Wipro and ONGC are up 2.3% each at Rs 418 and Rs 1,032, respectively.

Tata Steel has dropped 1.5% to Rs 657.